Some of the major factors that could or is likely to drive the market, today and in this week includes, - heavy inflow of foreign funds, ministry of finance’s estimate that the GDP growth for the current financial year will not be 5 % but will touch the 5.5 % mark, strong closing of Amerian and European markets on Friday and strong opening of Asian markets today.
After seven consecutive days of negative closing, Indian market is likely to make strong effort to tide over Frida’s closing. The cues are also by and large positive to help the market move up. However, worries of fiscal deficit and disappointing corporate earning numbers are the two major negative factors for the market.
The investment by overseas investors into Indian stock market in 2013 has crossed $7 billion mark, out of which more than $3 billion were pumped in the month of February alone. Foreign Institutional investors (FIIs) infused a net amount of $3.23 billion (about Rs. 17,211 crore) during February, taking the total for 2013 so far to $7.29 billion (Rs. 39,270 crore ) for Indian stocks.
Many analysts feel that the markets are undergoing a healthy correction after a stellar two-month rally and seem set to attempt a pre-Budget rally in the coming fortnight.
After seven consecutive days of negative closing, Indian market is likely to make strong effort to tide over Frida’s closing. The cues are also by and large positive to help the market move up. However, worries of fiscal deficit and disappointing corporate earning numbers are the two major negative factors for the market.
The investment by overseas investors into Indian stock market in 2013 has crossed $7 billion mark, out of which more than $3 billion were pumped in the month of February alone. Foreign Institutional investors (FIIs) infused a net amount of $3.23 billion (about Rs. 17,211 crore) during February, taking the total for 2013 so far to $7.29 billion (Rs. 39,270 crore ) for Indian stocks.
Many analysts feel that the markets are undergoing a healthy correction after a stellar two-month rally and seem set to attempt a pre-Budget rally in the coming fortnight.
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